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Airless Tires Market By Application (Two-Wheelers, Agricultural & Construction Equipment, Commercial Vehicles, Defense Vehicles, Utility Vehicles) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Airless tyres refer to next-generation non-pneumatic tyres that eliminate the need for air pressure. These tires may have a spoked or honeycomb structure and can be manufactured using the 3D printing method. These tyres can potentially be manufactured using a wide range of materials, including plastic, paper, electronic waste, wood, and recycled rubber. These tyres are currently made from recycled rubber and recyclable organic compounds. The airless tyres market is primarily driven by their immense benefits, such as no risk of flat tires, longer life, rugged application, and several others. Additionally, since the material used for airless tyres is primarily recyclable, using these tyres is more eco-friendly as compared to their pneumatic counterparts. Currently, airless tyres have found application in utility vehicles such as lawnmowers, golf carts, bicycles, defense vehicles, and some commercial vehicles.

Another major factor driving the market's growth is the constantly growing efforts by the tyre manufacturers toward the development of more reliable and seamless designs. Most of the tyre companies, including Bridgestone Corporation, the Michelin Group, Hankook Tire Group, and several others, are working rigorously in order to introduce airless tyres in the passenger vehicle segment. Continued efforts by these companies are directed towards improving the durability, hardness, stability, efficiency, and ability of these tyres to maintain performance at high speeds. This would escalate the possibilities of airless tyres for use across a wide range of automotive vehicles. Nevertheless, a major factor hindering the market's growth is the limited performance of these tyres in terms of suspension, friction, and high speed. Additionally, the relatively slow pace of the overall automotive industry toward change in integral automotive components (e.g., tires, braking systems) may hamper the market growth.

The report titled "Global Airless Tires Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global airless tyres market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on application and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights into the key trends followed in the market.

The report also includes competitive profiling of the leading airless tyre vendors, their business strategy analysis, market positioning, and key developments to assist strategic decision-makers.Some of the major players profiled in the report are Michelin Group, Cooper Tire & Rubber Company, Goodyear Tire & Rubber Company, Hankook Tire Group, Bridgestone Corporation, Tannus Ltd., Amerityre Corporation, Kenda Rubber Industrial Company, Marathon Industries, Inc., and several others. Apart from the company profiles, the report includes a section covering the competitive landscape, wherein the market positioning of the companies is discussed. The section also provides an overview of the key business strategies employed by the leading market participants.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the airless tyre industry
  • Comparative analysis for different segments for the years 2016 and 2025
  • Market fuelers, market impediments, and their impact on market growth
  • In-depth competitive environment analysis, including the positioning of market players and their business strategy analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global airless tyres market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

Based on geography, the global airless tyre market is segmented into the following regions and countries:

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • South Asia
  • Rest of Asia Pacific

Rest of the World (RoW)

  • Middle East and Africa (MEA)
  • Latin America

The global airless tyre market is dominated by the North American region. As of 2016, North America accounted for more than forty percent of the overall airless tyres market revenue generated worldwide. The region is home to a large number of tyre manufacturers who are spending heavily on the development of seamless airless tyre designs. Companies such as Michelin Group, Cooper Tire & Rubber Company, and Goodyear Tire & Rubber Company are some of the leading tyre manufacturers in the region and have placed heavy emphasis on the development of airless tires.

Another major factor fueling the North American airless tyre market is the strong adoption of airless tyres across applications such as utility vehicles, agricultural and construction equipment, and defense vehicles. Europe follows North America in terms of revenue and adoption of the airless tyre market. Due to the presence of a technologically advanced automotive industry, Europe will remain a lucrative market for airless tyres in the following years. Further, with the continually rising automotive industry in Asia Pacific, the region is set to demonstrate the highest growth in the following years.

Frequently Asked Questions:

The market for Airless Tires Market is expected to reach US$ XX Bn By 2025.

The Airless Tires Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Goodyear Tire & Rubber Company, Hankook Tire Group, Bridgestone Corporation, Tannus Ltd., Amerityre Corporation, Kenda Rubber Industrial Company, Marathon Industries, Incare some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2017
Category:  Automotive & Transportation
Report ID:   58731
Report Format:   PDF
Pages:   120
Rating:    4.7 (80)
Delivery Time: 24 Hours to 48 Hours   
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